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Business Description: Paladin Energy Limited (PDN) is a uranium production and exploration company with projects currently in Australia, Canada, and Africa. The Langer Heinrich Mine in Namibia is its flagship project. Its FY13 production was 8.26 Mlb U3O8.
Strategy Analysis: PDN aims to establish a global footprint underpinned by significant uranium production to meet the growing demand for nuclear fuel. It seeks progressive development of its uranium resources, complemented by strategic merger and acquisition activity, supported by opportunities arising from its marketing entity, Paladin Nuclear.
Paladin Energy reported a net loss of US$193.5m for the half-year ended 31 December 2012. Revenues from ordinary activities were US$195.5m, up 13% from the same period last year. Basic and Diluted EPS was (23.1) US cents compared to (14.9) US cents last year. The net operating cash inflow was US$49.3m compared to an outflow of US$78.0m in the pcp. No dividend was declared. The company also reported record half year combined production of 4.120Mlb U3O8, an increase of 34% over the December 2011 half year achieving 97% of nameplate production for the half year. FY2013 production guidance of 8.0-8.5Mlb U3O8 remains on target.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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